Ideas ETF Universe Scan

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Ideas ETF Universe Scan

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CLOUDUSTFNGDFNGUFTECGDXGLDIGVIWMJEPIJEPQLABDLABUNUGTQLDQQQQQQMSCHDSKYYSLVSMHSOXLSOXSSPXLSQQQSSOTECLTECSTNATQQQTZAUPROVGTVNQVOOVTIVYMWCLDXBIXLK
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@etf-universe
raw scan snapshot — prices as of scan date, not live 100 rows · screens, not recommendations superseded by2026-04-26-etf-universeported fromresearch/classic/scans/_archive/2026-02-05-etf-universe.mdscan slugetf-universesource typescan-archive

Tariff shock + DeepSeek rotation destroyed leveraged tech. FNGU -26%, TECL -23%, WCLD -23%. Gold and dividends held up. SaaS contrarian thesis getting cheaper.

Key Changes vs 02/02

ETF 02/02 Price 02/05 Price Change What Happened
FNGU $22.51 $18.48 -17.9% FANG+ crushed, 3x amplified the selloff
TECL $118.59 $96.11 -19.0% Tech 3x hammered by rotation out of mega-cap
TQQQ $55.12 $47.64 -13.6% Nasdaq weakness, 3x leveraged pain
SOXL $65.21 $53.25 -18.3% Semis gave back gains after +32% run
WCLD ~$34 $26.96 -20.7% Cloud/SaaS selloff accelerated
IGV ~$95 $79.67 -16.1% Software slaughter, RSI 13 = extremely oversold
FNGD $5.73 $6.89 +20.2% Inverse FANG+ profiting from the carnage
SQQQ $64.87 $74.58 +15.0% Inverse QQQ up big as Nasdaq drops
TECS $16.78 $20.47 +22.0% Inverse tech cashing in on tech selloff
GLD $427.58 $441.88 +3.3% Gold safe haven working, new highs
SCHD $30.01 $30.97 +3.2% Dividend growth running, RSI 84 = overbought
JEPI $58.40 $58.24 -0.3% Income ETF holding steady as designed
LABU $176.15 $149.04 -15.4% Biotech 3x gave back all the +16% gains

The story: Tech mega-caps got hit hard (DeepSeek rotation, tariff fears). Leveraged tech ETFs amplified the pain. Value, dividends, and gold outperformed. The SaaS/cloud contrarian thesis is getting even cheaper but catching a falling knife.

For Passive Investors (Read This First)

If you work full-time and can't watch stocks daily, here's what matters:

Skip These Entirely

Category ETFs Why Skip
3x Leveraged TQQQ, SOXL, SPXL, LABU Require daily monitoring, decay kills you
Inverse/Bear SQQQ, SOXS, TECS Guaranteed long-term losses, active trading only
2x Leveraged QLD, SSO Less dangerous but still decay over time

Actually Good for Passive

Category ETFs Why Good
Index (core) QQQM, VOO, VTI, SCHB Set and forget, compound for decades
Dividend Growth SCHD, VYM Buy, hold, reinvest dividends
Sector (unleveraged) SOXX, SMH, XBI Fine for long-term thesis plays
Income JEPQ, JEPI Steady income, less volatile

Bottom line: This week proved it again. TQQQ down -13% in 30 days, TECL -23%, SOXL -18%. Meanwhile JEPI barely moved (-0.3%) and SCHD is up +10%. Boring wins. Leveraged ETFs are for day traders, not people with jobs.

Quick Snapshot

Signal Reading
Overall Tech leveraged ETFs getting destroyed. Value/dividends outperforming. Gold at new highs.
Key insight IGV RSI 13, WCLD RSI 19 = extreme oversold. Contrarian SaaS thesis getting much cheaper. But don't catch falling knives without a catalyst.

Action Matrix

Action ETFs Why
✅ CONSIDER QQQM over QQQ Same thing, 0.05% lower fees. For new buys.
🔍 CONTRARIAN WCLD, IGV Cloud/SaaS extremely oversold (RSI 13-19). Getting cheaper fast. Wait for stabilization.
🔍 RESEARCH JEPQ, JEPI Income ETFs holding up well in the selloff. Doing their job.
🔍 RESEARCH SCHD +10% 30D, RSI 84 overbought. Wait for a pullback to add.
⚠️ CAUTION GLD +7% 30D, safe haven working. May be crowded trade.
⚠️ CAUTION TQQQ, SOXL, TECL Leveraged tech in freefall. Don't try to catch.
❌ AVOID SQQQ, SOXS, FNGD Inverse ETFs up big - tempting but decay kills long-term

Legend

  • RSI ↓ = Oversold (<30) - potential buying opportunity
  • RSI ↑ = Overbought (>70) - FOMO warning, may pullback
  • 52wkHi = % from 52-week high (how far below peak)

Data - ETF Universe (Sorted by 30D)

Index ETFs (The Boring Staples)

ETF Price 1D 7D 30D 3M RSI Expense What It Is Status Action
QQQM $245.83 -1.4% -4.0% -4.2% -2.3% 35 0.15% Nasdaq 100 🟡 Pullback ✅ Use for new buys
QQQ $597.03 -1.4% -4.0% -4.2% -2.3% 35 0.20% Nasdaq 100 🟡 Pullback 🔒 Hold existing
VOO $623.10 -1.2% -2.1% -2.1% +1.4% 37 0.03% S&P 500 🟡 Dip 🔍 Consider
VTI $333.90 -1.3% -2.0% -2.1% +1.7% 36 0.03% Total US Market 🟡 Dip 🔍 Consider

QQQM vs QQQ verdict: If buying more Nasdaq exposure, use QQQM. Same index, 0.05%/year cheaper. Both down ~4% from the selloff but RSI 35 suggests more downside possible before a bounce.

VOO vs SPY: You own SPY (0.09% fee). VOO is 0.03%. On $2.8K that's only ~$1.70/year difference. Not worth tax hit to swap.

3x Leveraged Bull ETFs (The Rockets)

ETF Price 1D 7D 30D 3M RSI Tracks Leverage Status Action
SOXL $53.25 +0.1% -13.8% -1.4% +23.8% 45 Semis (SOXX) 3x 🔴 Gave back ⚠️ Volatile
TQQQ $47.64 -4.3% -11.8% -13.4% -10.7% 34 Nasdaq 100 3x 🔴 Falling ⚠️ Avoid
SPXL $213.47 -3.8% -6.4% -7.2% +0.6% 36 S&P 500 3x 🔴 Down ⚠️ Caution
UPRO $112.03 -3.8% -6.3% -7.1% +0.5% 36 S&P 500 3x 🔴 Down ⚠️ Caution
QLD $66.04 -2.9% -7.9% -8.9% -6.3% 35 Nasdaq 100 2x 🔴 Down ⚠️ Caution
SSO $56.81 -2.5% -4.2% -4.6% +1.1% 36 S&P 500 2x 🟡 Dipping ⚠️ Caution
TNA $50.21 -5.3% -4.6% -1.6% +16.1% 34 Small Caps (IWM) 3x 🟡 Volatile ⚠️ Caution
NUGT $204.44 -12.6% -4.4% -3.4% +60.0% 44 Gold Miners (GDX) 3x 🟡 Volatile ⚠️ Caution
LABU $149.04 -10.9% -10.1% -6.4% +26.1% 42 Biotech (XBI) 3x 🔴 Gave back ⚠️ Avoid
TECL $96.11 -5.4% -16.7% -22.5% -22.0% 32 Tech (XLK) 3x 🔴 Crushed ⚠️ Avoid
FNGU $18.48 -7.3% -18.0% -25.6% -37.8% 25 ↓ FANG+ 3x 🔴 Destroyed ⚠️ Avoid

FNGU -26% breakdown: FANG+ index has been hammered by DeepSeek rotation and tariff fears. 3x leverage turned a ~9% decline into a -26% wipeout. FNGU is down -38% over 3 months. This is why leveraged ETFs are dangerous.

SOXL reversal: Was +32% on 02/02, now only -1.4% for 30D. Gave back almost all gains. The 7D shows -13.8%, meaning the damage happened this past week.

3x Leveraged Bear/Inverse ETFs (The Hedges)

ETF Price 1D 7D 30D 3M RSI Tracks Leverage Status Action
FNGD $6.89 +7.2% +20.5% +29.8% +44.7% 75 ↑ FANG+ inverse 3x 🟢 Surging ❌ Avoid
TECS $20.47 +5.5% +18.8% +24.9% +17.6% 69 Tech inverse 3x 🟢 Surging ❌ Avoid
SQQQ $74.58 +4.3% +12.6% +13.7% +6.8% 65 QQQ inverse 3x 🟢 Up ❌ Avoid
LABD $21.00 +11.1% +9.4% +0.0% -30.7% 56 Biotech inverse 3x 🟡 Bouncing ❌ Avoid
TZA $6.69 +5.4% +4.2% +0.3% -18.8% 65 Small caps inverse 3x 🟡 Bouncing ❌ Avoid
SOXS $2.24 +0.4% +13.7% -5.9% -36.4% 52 Semis inverse 3x 🟡 Bouncing ❌ Avoid
DUST $5.88 +12.6% +2.3% -8.8% -49.7% 51 Gold miners inverse 3x 🟡 Bouncing ❌ Avoid

Inverse ETF reality: FNGD +30% and TECS +25% in 30 days look tempting. But zoom out: DUST is -50% over 3M. These decay to zero. Short-term hedging ONLY. The ones surging now (FNGD, TECS, SQQQ) will decay once the selloff stabilizes.

Income ETFs (The Dividend Machines)

ETF Price 1D 7D 30D 3M RSI Yield Expense Status Action
SCHD $30.97 -0.1% +3.9% +10.3% +18.0% 84 ↑ ~3.5% 0.06% 🟢 Overbought ⚠️ Wait for pullback
VYM $151.99 -0.5% +1.4% +3.6% +9.6% 65 ~3% 0.06% 🟢 Steady 🔍 Watch
JEPI $58.24 -0.6% +0.0% +1.1% +5.6% 52 ~8% 0.35% 🟢 Rock solid 🔍 Research
JEPQ $56.93 -1.3% -3.4% -2.5% +1.2% 38 ~10% 0.35% 🟡 Dipping 🔍 Research

Income ETF thesis:

  • JEPI barely moved (-0.3% since 02/02) while tech got crushed. This is the point - stability.
  • JEPQ down -2.5% because it tracks Nasdaq names, but the covered call income cushions the blow.
  • SCHD is the star: +10% 30D, +18% 3M. But RSI 84 is overbought - don't chase here.
  • The rotation from growth to value is the story. Dividends winning.

Sector ETFs (Tech Flavors)

ETF Price 1D 7D 30D 3M RSI Expense Focus Status Action
GLD $441.88 -2.7% -0.7% +6.9% +20.7% 55 0.40% Gold 🟢 New highs 🔍 Safe haven
VNQ $90.82 -0.1% +0.0% +1.6% +3.1% 46 0.12% Real Estate 🟢 Steady 🔍 Watch
GDX $92.44 -6.3% -1.9% +0.3% +31.6% 45 0.51% Gold miners 🟡 Pulling back 🔍 Watch
IWM $255.83 -1.8% -1.5% -0.1% +6.8% 35 0.19% Small caps 🟡 Dipping 🔍 Watch
SMH $381.07 -0.2% -5.5% -1.7% +8.9% 42 0.35% Semis 🟡 Pulling back 🔍 Watch (own SOXX)
XBI $120.72 -3.6% -3.2% -1.1% +10.8% 43 0.35% Biotech 🟡 Dipping 🔍 Watch
SLV $66.69 -15.8% -11.6% -9.5% +53.1% 40 0.50% Silver 🔴 Sold off 🔍 Watch
XLK $135.63 -1.8% -5.7% -7.5% -6.0% 32 0.09% Tech (S&P) 🔴 Falling 🔍 Watch
VGT $708.53 -1.8% -5.3% -7.6% -7.0% 31 ↓ 0.10% Tech (Vanguard) 🔴 Falling 🔍 Watch
FTEC $211.33 -1.8% -5.2% -7.5% -6.9% 31 ↓ 0.08% Tech (Fidelity) 🔴 Falling 🔍 Watch

Gold is the safe haven play. GLD +7% 30D, +21% 3M while tech is bleeding. SLV had a massive single-day drop (-15.8%) - likely tariff-related commodity volatility.

Tech sector ETFs (XLK, VGT, FTEC) all down ~7.5% and hitting RSI 31-32. Getting oversold but may have more downside.

Cloud/SaaS ETFs (The Contrarian Thesis)

ETF Price 1D 7D 30D 3M RSI Expense Focus Status Action
WCLD $26.96 -4.2% -10.5% -23.1% -22.3% 19 ↓ 0.45% Cloud-native SaaS (pure-play) 🔴 Crushed 🔍 Contrarian (wait)
CLOU $18.91 -3.2% -8.3% -16.8% -19.1% 25 ↓ 0.68% Cloud computing 🔴 Crushed 🔍 Watch
SKYY $108.01 -3.5% -9.3% -17.2% -21.1% 23 ↓ 0.60% Cloud (includes infra) 🔴 Crushed 🔍 Watch
IGV $79.67 -5.0% -11.8% -24.1% -27.1% 13 ↓ 0.40% Software (broad) 🔴 Destroyed 🔍 Contrarian (wait)

The Contrarian Thesis (Your Edge) - Updated:

"AI is accelerating boring SaaS, not killing it. The market doesn't understand this."

What changed since 02/02:

  • WCLD was ~$34, now $26.96 (-21%). RSI 19 = extremely oversold.
  • IGV was ~$95, now $79.67 (-16%). RSI 13 = the most oversold in the entire scan.
  • The thesis hasn't changed but the entry is getting much better.
  • DANGER: Don't catch a falling knife. Wait for RSI to stabilize above 30 before entering.

WCLD vs IGV:

ETF What's In It Risk Upside
WCLD Pure unprofitable cloud-native SaaS (ZM, DDOG, SNOW) Highest - RSI 19, freefall Highest if SaaS recovers
IGV Profitable + growth software (ADBE, CRM, INTU + growth) High - RSI 13, even worse selloff Safer names but more beaten

If your thesis is right:

  • IGV RSI 13 is screaming oversold - these are profitable companies (ADBE, CRM)
  • WCLD RSI 19 is also extreme - but these are unprofitable names, more dangerous
  • Watch for: Rate cut signals, earnings beats from SaaS names, AI feature monetization
  • Entry signal: RSI crossing back above 30 with volume

The Big Picture

Performance Leaderboard (30D)

Rank ETF 30D Category
1 FNGD +29.8% 3x Inverse FANG+
2 TECS +24.9% 3x Inverse Tech
3 SQQQ +13.7% 3x Inverse QQQ
4 SCHD +10.3% Dividend Growth
5 GLD +6.9% Gold
6 VYM +3.6% Dividend
7 VNQ +1.6% Real Estate
8 JEPI +1.1% Income

What's working: Inverse/bear ETFs (short-term only), dividends, gold, real estate. The defensive rotation is clear.

What's NOT working: Leveraged tech (FNGU -26%, TECL -23%), cloud/SaaS (WCLD -23%, IGV -24%), biotech leverage (LABU -6%).

Leveraged ETF Deep Dive (Why They're Dangerous)

DO NOT buy and hold leveraged ETFs long-term. Here's why:

The Math Problem (Volatility Decay)

Scenario: Market goes up 10%, then down 10% (flat round trip)

Regular ETF (QQQ):
  $100 -> +10% -> $110 -> -10% -> $99 (lost 1%)

3x Leveraged (TQQQ):
  $100 -> +30% -> $130 -> -30% -> $91 (lost 9%)

You lost 9x more on the same round trip.

In choppy/sideways markets, this decay compounds DAILY. Over months, you can lose 20-30% even if the underlying index is flat.

Real Example: This Week

ETF Underlying Move Leveraged Move Amplification
QQQ -4.2% TQQQ -13.4% 3.2x (includes decay) —
XLK -7.5% TECL -22.5% 3.0x —
FANG+ ~-9% FNGU -25.6% 2.8x (decay eating returns) —

Why This Kills Passive Investors

Problem Impact for Full-Time Worker
Daily reset Decay happens whether you watch or not
Need stop-losses Can trigger at 3am, you're asleep
Gap downs Market opens -5%, your 3x is down -15% before you wake up
Can't DCA DCA into decaying asset = throwing money away
Emotional -30% days are normal, hard to ignore at work

If You Absolutely Must (Not Recommended)

  1. Position size: Max 1% of portfolio (gamble money)
  2. Time horizon: Days to weeks, NOT months
  3. Set alerts: Price drops 10%, you're OUT
  4. Don't average down: It's decaying, not "on sale"
  5. Take profits fast: +25%? Sell half. +40%? Sell all.
  6. Accept total loss: Treat it like a casino bet

Better Alternative for Semis Bull

Instead of SOXL (3x), just... buy more SOXX or SMH:

  • No decay
  • Can hold forever
  • DCA works
  • Sleep at night
  • SOXX has compounded well without leverage

The Gold

Key Discoveries

Discovery Implication
QQQM = QQQ but 0.05% cheaper Use QQQM for new Nasdaq buys
IGV RSI 13, WCLD RSI 19 SaaS/cloud extremely oversold - contrarian entry approaching
FNGU -26% 30D, -38% 3M Leveraged FANG+ destroyed, proves decay danger
SCHD +10% 30D, RSI 84 Dividend growth outperforming but overbought now
GLD +7% 30D, +21% 3M Gold safe haven thesis confirmed
JEPI flat while tech -7.5% Income ETFs doing exactly what they should
SLV -16% single day Silver extremely volatile on tariff news

For Passive / Working Professionals

Why leveraged ETFs are extra dangerous if you can't monitor daily:

  1. Sector concentration risk: If you're already exposed to semis (e.g. via employment or other holdings), SOXL triples that risk.

  2. Can't monitor: Full-time workers can't watch SOXL gap down 15% at market open.

  3. Stress: -20% days are normal for 3x ETFs. Not worth the mental load if you can't actively trade.

What makes sense for passive investors:

  • Keep unleveraged sector ETFs (SOXX, SMH) — set and forget
  • Add QQQM for new index buys (passive)
  • Maybe SCHD for dividend diversification (passive, but wait for RSI pullback)
  • Watch IGV/WCLD for contrarian SaaS entry when RSI stabilizes above 30
  • Skip anything requiring daily attention

The working professional's edge: DCA into boring index funds while traders stress over TQQQ decay. Time in market > timing the market.

Interesting Finds

ETF Why Interesting Risk
IGV RSI 13 = most oversold ETF in scan. Profitable software names (ADBE, CRM) at deep discount. Falling knife - wait for stabilization
WCLD RSI 19. Contrarian SaaS thesis getting much cheaper entry Unprofitable growth, could fall more
JEPI Barely moved while everything sold off. Income thesis validated. Caps upside in bull markets
SCHD +10% 30D, +18% 3M, dividend growth king RSI 84 overbought - don't chase
GLD +21% 3M, safe haven confirmed May be crowded after tariff fears
SLV +53% 3M but -16% single day Extremely volatile, not for passive

Verdict on This Scan

Actually actionable now:

  • QQQM: Use instead of QQQ for new Nasdaq buys (same thing, cheaper)
  • JEPI: Income thesis validated by this selloff. Steady as designed. Research further.

Watch closely (getting interesting):

  • IGV: RSI 13 is extreme. Profitable SaaS names getting very cheap. Wait for RSI > 30.
  • WCLD: RSI 19, contrarian thesis entry approaching. Wait for stabilization.

Wait for pullback:

  • SCHD: +10% 30D, RSI 84. Great ETF but overbought now. Wait for dip.

Research more:

  • JEPQ/JEPI: Understand covered call mechanics, tax implications
  • GLD: Gold working as safe haven but entry after +21% 3M is late

Pass entirely:

  • Inverse ETFs (SQQQ, FNGD, TECS): Up big short-term but decay to zero
  • Holding leveraged long-term: This week proved it again. FNGU -26%.
  • SLV: Too volatile (-16% single day), not for passive investors

Next Actions

  • Consider QQQM for future Nasdaq buys
  • Research JEPI for income allocation (validated by this selloff)
  • Set alert: IGV RSI crosses above 30 = potential contrarian entry
  • Set alert: WCLD RSI crosses above 30 = potential contrarian entry
  • Wait for SCHD RSI pullback below 70 before adding
  • Understand SCHD vs VYM for dividend exposure

Commands

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DateTypeEvent
Feb 2 ScanIdeas ETF Universe Scan Feb 26 ScanETF Universe Scan Mar 4 ScanETF Universe Scan Mar 11 ScanETF Universe Scan Mar 20 ScanETF Universe Scan Mar 12 ScanETF Universe Scan Mar 31 ScanETF Universe Apr 28 ScanETF Universe Scan Apr 26 ScanETF Universe May 29 ScanETF Universe Scan

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